Ratings

Moody's changed the rating outlook on Abu Dhabi’s government to stable from negative
25 May 03:04 PM Moody's affirms Abu Dhabi government rating at 'Aa2/P-1'
Abu Dhabi – Mubasher: Moody's Investors Service has affirmed the long- and short-term issuer ratings of Abu Dhabi’s government at "Aa2/P-1", according to a statement. The ratings agency changed the rating outlook on Abu Dhabi’s government to …
Photo Credit: Arabianeye-Reuters
24 May 07:34 PM Moody’s downgraded Hong Kong’s rating
Mubasher: Financial Services has downgraded Hong Kong’s rating on Wednesday, after recently cutting its rating on China, according to a recent report. The rating agency downgraded local and foreign currency ratings on Wednesday from AA2 to AA1, …
(Photo credit: National Bank of Bahrain's website)
19 May 05:08 PM Capital Intelligence affirms NBB rating; outlook stable
Mubasher: Credit ratings agency Capital Intelligence has confirmed its rating for the National Bank of Bahrain's (NBB) long-and-short-term currency ratings at BB+ and B, respectively. "These ratings are constrained by CI's sovereign ratings for …
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18 May 02:51 PM Moody’s affirms GBK deposit rating
Kuwait – Mubasher: Moody’s Investor Service has affirmed Gulf Bank of Kuwait’s long-term deposit rating at "A3", according to a bourse statement issued on Thursday. Meanwhile, the short-term deposits were affirmed at "Prime-2", while the baseline …
(Photo Credit: Arabianeye-Reuters)
18 May 09:25 AM S&P affirms Oman United Insurance ratings
Mubasher: Standard & Poor’s (S&P) on Thursday affirmed its “BBB” rating on the Muscat-listed Oman United Insurance, according to the company's statement. S&P's outlook for the company has been changed to negative from stable after downgrading of …
(Photo Credit: Arabianeye-Reuters)
17 May 02:24 PM MSCI EM adds 3 Kuwaiti stocks, removes 1
Kuwait – Mubasher: The semi-annual review of the MSCI Emerging Markets (EM) Index, previously known as Morgan Stanley, showed that three companies of Boursa Kuwait were added to small-cap companies’ index. Human Soft Holding, Al Imtiaz Investment …
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17 May 12:26 PM Moody’s affirms Kuwait Investment rating
Kuwait – Mubasher: Moody’s Investor Service has affirmed Kuwait Investment’s long-term rating at "Ba2" - the same rating placed since November 2014. The rating agency affirmed the "Stable" outlook of the Kuwaiti company, according to a bourse …
Al Wathba's headquarter (Photo Credit: Company Website)
17 May 08:42 AM S&P cuts Al Wathba ratings to 'BBB'
Abu Dhabi – Mubasher: S&P Global Ratings has lowered Al Wathba National Insurance Company’s (AWNIC) long-term counterparty credit and insurer financial strength ratings to “BBB” from “BBB+”, with a “Negative” outlook, according to a statement. …
Traders at Dubai's bourse (Photo Credit: Arabianeye-Reuters)
17 May 08:34 AM S&P affirms Orient Insurance ratings
Dubai – Mubasher: Standard and Poor's (S&P) has affirmed Orient Insurance’s long-term counterparty credit and insurer financial strength ratings at “A”, with a “Stable” outlook, according to a statement. The ratings will help Orient maintain its …
Traders at Dubai's bourse (Photo Credit: Arabianeye-Reuters)
16 May 09:34 AM MSCI to add Damac to UAE Index early June
Dubai – Mubasher: MSCI said it will add Damac Properties to its United Arab Emirates Index on 1 June, according to the May 2017 semi-annual index review. Dubai-listed Gulf General Investment Co (GGICO) will be removed from MSCI's small-cap index.
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14 May 08:44 PM MubasherTrade downgrades Lecico’s rating to Sell/High Risk
Cairo - Mubasher: MubasherTrade Research has downgraded their rating for Lecico to Sell/High Risk with the same price target (PT) of EGP 5.54 per share due to recent price rally, according to a recent report. “With stronger-than-expected …
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13 May 07:55 PM Moody's assign Aa3 to NBK’s GMTN programme
Mubasher: Moody's Investors Service has assigned a provisional senior unsecured foreign-currency rating of Aa3 to the $3 billion global medium-term note (GMTN) programme of NBK SPC Limited, a special-purpose vehicle established by National Bank of …
Photo Credit: Arabianeye-Reuters
13 May 07:33 PM S&P affirms Egypt’s B-/B rating
Mubasher: Standard and Poor's (S&P) has affirmed its sovereign ratings for Egypt at B-/B, with a stable outlook, according to a recent report. The ratings agency said that stable outlook balances risks arising from Egypt's large external and …
(Photo Credit: Arabianeye-Reuters)
4 May 08:29 AM SICO reiterates “Sell” on du
Dubai – Mubasher: Securities & Investment Company (SICO) reduced the price target (PT) of Dubai-listed du to reach AED 5.40, while maintaining its “Sell” recommendation, according to a statement. The new PT is 2% lower than the stock’s current …
(Photo Credit: Arabianeye-Reuters)
30 April 04:42 PM S&P affirms ‘BBB+’ rating on Saudi Re
Riyadh – Mubasher: Standard & Poor's (S&P) affirmed its rating on Saudi Re for Cooperative Reinsurance at “BBB+”, with a "Stable" outlook. Moreover, the company got a “gcAA+” on the regional scale, the company published in a statement on Sunday, …
Moody's also changed the outlook on the bank's long-term deposit ratings to "Negative" from "Stable" (Photo Credit: Arabianeye-Reuters)
30 April 07:46 AM Moody's affirms UAB deposit ratings
Abu Dhabi – Mubasher: Moody's Investors Service has affirmed United Arab Bank’s (UAB) long- and short-term deposit ratings at "Baa2" and "Prime-2", respectively, according to a statement. The ratings agency also affirmed the bank’s "ba1" adjusted …
(Photo Credit: Arabianeye-Reuters)
27 April 01:04 PM Moody's affirms AFNIC financial strength rating
Mubasher: Moody's Investors Service on Thursday affirmed the insurance financial strength rating (IFSR) of Al Fujairah National Insurance Company (AFNIC) at "Baa1", according to a statement. Moody's has changed the outlook of AFNIC to "Stable" …
Photo Credit: Arabianeye-Reuters
26 April 02:30 PM Moody’s affirms Bahrain credit rating
Mubasher: Moody’s Investors Service affirmed the government of Bahrain's credit rating at "Ba2" with a "Negative" outlook, according to a recent report. The rating is endorsed by Bahrain’s high wealth levels, a diversified economy, and the …
One of TAQA's projects (Photo Credit: Company Website)
26 April 01:58 PM S&P lowers TAQA ratings
Abu Dhabi – Mubasher: S&P Global Ratings had lowered its long-term corporate credit rating on Abu Dhabi National Energy Co (TAQA) to "A-" from "A", with a “Negative” outlook. The rating agency lowered the issue rating on TAQA's senior unsecured …
(Photo Credit: Arabianeye-Reuters)
23 April 09:22 AM Moody's upgrades Damaan Islamic Insurance to 'Baa1'
Mubasher: Moody's Investors Service has upgraded the insurance financial strength rating (IFSR) of Damaan Islamic Insurance Company (Beema) to "Baa1" from "Baa2", according to a statement. The rating agency maintained the “positive” outlook for …
Photo Credit: Arabianeye-Reuters
22 April 10:07 AM S&P affirms Jordan’s BB-/B; outlook remains negative
Mubasher: Standard and Poor's Global Ratings has affirmed Jordan’s 'BB-/B' rating, with a negative outlook, according to a recent report. The Jordanian government will continue to contain fiscal, external balances in the next three years, assisted …
Moody's upgraded the bank's standalone baseline credit assessment (BCA) to ba1 from ba2.(Photo Credit: Arabianeye-Reuters)
20 April 03:56 PM Moody's affirms ADIB's 'A2' long-term issuer ratings
Mubasher: Moody's Investors Service has affirmed on Thursday Abu Dhabi Islamic Bank's (ADIB) "A2/Prime-1" long- and short-term domestic and foreign currency issuer ratings, according to a statement. The rating reflects Moody's expectation of a …
(Photo Credit: Arabianeye-Reuters)
20 April 03:09 PM Fitch rates KSA sukuk ‘A+’
Riyadh – Mubasher: Fitch Ratings has assigned on Thursday a final rating of “A+” to Saudi Arabia's US dollar-denominated sukuk, with a stable outlook. The rating firm noted that the rating comes in line with the expected rating assigned on 4 April …
Photo Credit: Arabianeye-Reuters
20 April 12:51 PM S&P affirms KFH credit rating
Mubasher: Kuwait Finance House (KFH) said that Standard & Poor's Financial Services (S&P) has affirmed the bank’s long- and short-term credit ratings at "A-" and "A-2", respectively, with a "Negative" outlook. In a bourse statement issued on …